Now They Want Your Social Security
When a lifelong Republican takes a position left of the ruling Democrats, what would you call it?
Dr. Paul Craig Roberts hit the current Washington Democrats hard again with his article, "Social Security Will Fall To Obama Before The Taliban Do." How can Dr. Roberts — who had served as Assistant Secretary of Treasury under President Ronald Reagan, who was the Grand Daddy of the unbound corporatism — see things that the party for the people does not?
In his article he blamed US Secretary of the Treasury Henry Paulson and his deregulation of the financial system for the havoc it caused in world financial system. And then he went on to write, “He (Paulson) is writing in the New York Times urging that the mess he caused be fixed by taking away from working Americans the Social Security and Medicare for which they have paid in earmarked taxes all their working lives.”
Isn't that the definition of "chutzpah?"
Dr. Roberts went on explaining how various US administrations raided Social Security money. He even mentioned how Reagan was fooled to accept certain modifications under the pretext of “putting Social Security on a sound basis.” He made light of the right-wing allegation that that Social Security and Medicare are welfare. “This is a lie,” he went on to write, “Social Security is funded with an earmarked tax. People pay for Social Security and Medicare all their working lives. It is a pay-as-you-go system in which the taxes paid by those working fund those who are retired.”
Dr. Roberts explained that currently these two systems are not in deficit and the problem is that since the 1980s Social Security money had been diverted to fund other government expenses such as Wall Street bailouts and “Bush/Obama wars of aggression against Muslims.”
So guys, now it is the shirt on your back you are asked to give to save Uncle Sam!
Dr. Roberts, could you please ask Bill O'Reilly and Sean Hannity to read your article? They think Obama is the most liberal leftie to occupy the White House!